IFRS for SMEs are primarily designed to meet the needs of:

A. Not-for-profit organizations.
B. Governmental entities.
C. Small Manufacturing Enterprises.
D. Companies whose shares of stock are not publicly traded.
E. Special Model Entities.


Answer: D

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Under the Clean Air Act,

A. states and the EPA were to act as partners wherein the individual states would formulate state implementation plans to meet primary and secondary standards created by the EPA. B. the EPA formulated primary and secondary standards for air pollution; however, the individual states were not required to comply with these standards if they already had reasonable state statutes or regulations in place. C. the states were required to follow the guidelines established by the EPA and did not have the authority to create their own state plans for implementing the federal standards. D. state laws or regulations preempt or take precedence over the guidelines promulgated by the EPA.

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Which of the following is an example of innovation and learning performance measure?

a. Employee satisfaction b. Earnings per share c. Design flexibility d. Product-related litigation

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Assigning people to tasks, setting priorities for jobs, and scheduling equipment fits best with which level of the generic framework for resource planning?

a. Aggregate planning—Level 1 b. Disaggregation—Level 2 c. Execution—Level 3 d. Market forecasting—Level 4

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How many euros can you get for $2,500 if the USD equivalent is 1.2195?

A) €2,147.08 B) €2,050.02 C) €2,309.11 D) €3,048.75 E) €2,921.00

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